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Closing Bell

Closing Bell Overtime: Rivian CEO RJ Scaringe & Unity’s CEO on Earnings; Rare Interview with Lockheed Martin CEO 2/20/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 20 February 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Innovator ETFs’ Tim Urbanowicz and CNBC’s Mike Santoli break down the market action. Our Phil LeBeau sits down with Rivian CEO RJ Scaringe to discuss the EV maker’s latest earnings. RingCentral CEO Vlad Shmunis joins before the earnings call to discuss the recent quarter. Plus, Unity Software CEO Matthew Bromberg on the company’s results and its new AI-driven ad platform. Morgan sits down with Lockheed Martin CEO Jim Taiclet for a rare and exclusive interview on the new administration, DOGE and more.

Transcript

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0:00.0

That's the end of regulation.

0:02.8

NYSC Partnership Day, ringing the closing bell at the New York Stock Exchange, Alpha Modus,

0:07.1

holdings, doing the honors at the NASDAQ.

0:09.7

Stock sliding from record highs today, taking a breather.

0:12.6

The dowsing the most pain.

0:14.1

It was dragged by a big drop for Walmart and a pullback for the banks.

0:18.4

Worst day in more than a month.

0:19.9

Momentum names like Palantir and Robin Hood are getting hit pretty hard today as well.

0:23.6

That's a square card on Wall Street, but the action is just getting started.

0:26.3

Welcome to Closing Bell overtime.

0:28.0

I'm Morgan Brennan with John Ford.

0:29.5

And we have got a big show coming your way, including earnings results from Block,

0:33.6

booking holdings, Dropbox, Live Nation, and Rivian, along with an exclusive interview with

0:39.2

Rivian CEO before he talks to analysts on the call. Plus shares of Unity software ripping

0:44.7

higher today and up 11 pulling back in response. That's after Unity reported results and laid out

0:50.8

its AI ad tech strategy. We're going to talk to Unity's CEO about the quarter and about Wall Street's reaction.

0:57.9

And as we await the wave of earnings, let's bring in Innovator ETF's head of research and investment

1:02.0

strategy, Tim Urbanowitz, and our own CNBC senior markets commentator, Mike Santoli.

1:07.0

Great to have you both here.

1:08.1

Tim, I'm going to kick this off with you because we do have the major averages taking a pause today.

1:13.2

Bond yields fell today, crude oil higher today, the dollar weakened today.

1:19.3

What do you think about this market as we do sit just below record highs and what drives us from here?

...

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